Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTGeoffrey Seiler, The Motley FoolWed, August 5, 2026 at 10:15 AM GMT+2 5 min readPalantir Technologies (NASDAQ: PLTR) once again delivered impressive results, sending its shares soaring higher. Despite the surge in its stock price, the stock is still down 8.6% so far in 2026.Let's dive into Palantir's second-quarter results and prospects to see why I think it could be one of the biggest winning artificial intelligence (AI) stocks over the next decade.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »Image source: The Motley Fool.For the 12th straight quarter, Palantir's quarterly revenue growth accelerated. Over the past three years, its year-over-year revenue growth has gone from 13% in Q2 2023 to 93% in Q2 2026.Its Q2 revenue of $1.935 billion also handily topped management's prior forecast for revenue of between $1.797 billion and $1.801 billion. Adjusted earnings per share, meanwhile, surged from $0.16 to $0.41.MetricQ2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Revenue growth13%17%20%21%27%30%36%39%48%63%70%85%93%Data source: Palantir. All figures represent year-over-year growth.U.S. commercial revenue once again led the charge, powered by brisk customer adoption and expansion of its Artificial Intelligence Platform (AIP). U.S. commercial revenue soared 149% to $764 million in the quarter, while U.S. commercial remaining deal value jumped 124% to $6.24 billion. Meanwhile, it closed U.S. commercial deals worth $2.13 billion in total contract value in the quarter, a 49% year-over-year increase.One of the most impressive metrics from Palantir's report was once again its net revenue retention, which measures revenue growth from existing customers that have been with the company for more than a year. This ballooned to 157% from 150% in Q1, demonstrating how quickly existing customers are expanding their spending with Palantir. This metric is also a testament to how valuable its customers find its solution.Palantir also continues to add new customers, with its U.S. commercial customer count jumping by 35% year over year and 6% sequentially. Its overall customer count increased by 24% year over year and 4% sequentially.On the government side of its business, revenue climbed 79% year over year to $990 million. U.S. government revenue surged 90% to $809 million. International government revenue, meanwhile, rose by 42% to $181 million. Its international commercial segment has not been a high priority, but its revenue grew by 26% to $182 million.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info